Industry

Ontario government pledges $100 million to help tourism sector recover from COVID-19 

TORONTO – Ontario is investing $100 million in the province’s tourism sector to help it recover from the impact of COVID-19. Tourism Minister Lisa MacLeod says the money will be distributed through the new Tourism Recovery Program. McLeod says the program will help for-profit tourism businesses in the attraction, accommodation, and leisure travel sectors. She […]

By Jason Contant | September 27, 2021

1 min read

Talk to your clients about auto insurance myths so they don’t see red

Red cars are more expensive to insure, right? Wrong. Yet, according to a 2019 Ratehub survey, roughly 22% of respondents thought car colour had an impact on insurance rates. Several insurer and brokerage websites have blog posts titled What New Drivers Should Know About Purchasing a New Car and Auto Insurance (Allstate Canada) or Is […]

By Melissa Shin | September 24, 2021

2 min read

Canada’s warming may hurt access to insurance: DBRS

An increase in extreme weather events may threaten the availability of property insurance in Canada, warns DBRS Morningstar in a new report. The rating agency said that Canadian property and casualty (P&C) insurers have, so far, proven resilient in the face of rising weather-related losses. “However, as climate risk increases and severe weather events become […]

By Jason Contant | September 24, 2021

2 min read

Small businesses continue to be hard-hit by rising premiums this year, CFIB reports

Insurance has become the top operating cost concern for small businesses, with seven in 10 reporting their premiums have increased since the beginning of the year, the Canadian Federation of Independent Business (CFIB) reported. The ongoing hard commercial insurance market, which began even before the COVID-19 pandemic, has resulted in increased rates and some insurers […]

By Jason Contant | September 24, 2021

4 min read